The City of Newport is located in a prime strategic location close to the border of England and Wales. It benefits from excellent access to the M4 motorway and wider motorway network and provides regular train services to London Paddington. The City has an immediate population of approximately 137,000.
The property is located on Fields Park Road in an affluent part of the city. Access to the M4 Motorway at junction 27 is approximately 1 mile to the west. Newport Train Station is within a 15 minute walk.
The surrounding area provides largely residential occupiers. There is also a selection of local amenities including shops, bars and cafes all within walking distance.
The property provides a large 3 storey, detached building previously used as a nursing home. The building provides kitchen, lounge, dining room, office, bathrooms and bedroom accommodation.
We believe the property could be suitable for a number of uses including care home, nursery, children's home, hotel, B&B or residential use (subject to planning).
There is also the potential to expand the property to the rear, with the concrete decking already in place to facilitate this.
We understand that the property benefits from planning consent for a nursing home.
Detailed conversations have been held with the local authority regarding a conversion to residential use. An application has been submitted for conversion to 8 apartments (6 x 2 bed and 2 x 3 bed). This is currently pending. The application number is 19/0292
Newport City Council:
Tel: Legal costs
Each party will be responsible for their own legal costs incurred in any transaction.
The freehold interest in the property is available. We are seeking offers in excess of £700,000 exclusive.